News

House GOP unveils plan to raise debt limit by $4 trillion
House Republicans are moving forward with plans to raise the nation’s debt ceiling by $4 trillion as part of a larger plan to ...
Congress needs to address debt ceiling before its August recess to prevent default, Treasury secretary says
Lawmakers have until August to address the debt ceiling or the US could default on its obligations for the first time ever, ...
U.S. could face default by August if Congress doesn't address debt ceiling, Bessent says
The so-called "X-date" marks when the government could run out of borrowing power and face an unprecedented default without ...
Treasury Secretary Scott Bessent: U.S. will hit debt limit in August
WASHINGTON – Treasury Secretary Scott Bessent urged congressional leadership to raise the debt ceiling by mid-July, in a ...
GOP Rep.: ‘Now is not time to punt’ on the debt limit
GOP Rep. Ryan Zinke of Montana responded to the draft of the GOP mega bill that includes Trump’s demand for a debt hike, ...
The Economist1d
Republicans have a plan to add trillions of dollars to the national debt
Congressional Republicans need to act for a few reasons. First, many of the tax cuts passed in 2017 under the first Trump ...
Treasury secretary calls on Congress to raise or suspend the debt ceiling by mid-July
The U.S. is on track to run out of money to pay its bills as early as August without congressional action, Treasury Secretary ...
Debt-ceiling woes are back in focus for investors
The debt-ceiling "X date" for when the U.S. is expected to run short on funds unless Congress acts to raise the debt limit ...
Congress should raise debt limit by July to avoid default, Bessent says
The government will exhaust resources to pay its bills in August, but Congress will be gone nearly all of that month.
Bessent urges Congress to act on debt limit by mid-July
Treasury Secretary Scott Bessent called on Congress Friday to raise the nation’s debt ceiling by mid-July to keep the federal ...
Bessent Says US on Debt-Limit ‘Warning Track,’ But No Timing Yet
Treasury Secretary Scott Bessent repeated his warning that his department is on the “warning track” toward exhausting its ...
WFYI8h
The Debt Ceiling: A spending safeguard or a political bargaining chip?
Most economists agree that if the U.S. were to ever reach the debt ceiling, the consequences would be catastrophic. While the U.S. continually wrestles with this bor ...